How does the seller receive the cash bonus?

How to process a seller payout on Redy

Sellers receive their cash bonus as part of their payout through their chosen payment method on Redy.com. The platform offers a variety of payment options, including bank transfers and other electronic methods, allowing sellers to receive their cash bonus in the most convenient way possible. To facilitate a seamless and prompt transaction, it is essential for sellers to verify their payment information.

Redy.com offers a streamlined process for home sellers to receive an upfront cash bonus upon signing a listing agreement with a selected agent.

Here's a detailed guide on how to receive your seller payout through Redy:

Step 1: Log In to Redy.com

1. Open Redy.com:
   • Go to Redy.com.
2. Log In to Your Account:
   • If you already have a Redy account, click on the "Log In" button located at the top right of the homepage.
   • Enter your email address and password to access your account.

Step 2: Review and Hire an Agent

1. Review Proposals:
   • Once logged in, you will see proposals from agents who are interested in listing your property.
   • Review their marketing strategies, proposed commission rates, and Cash Bonus offers.
2. Conduct a Property Walk-Through:
   • Schedule a property walk-through with the agents to ensure they’re a good fit for your needs.
3. Select and Hire Your Chosen Agent:
   • Once you’re satisfied with the agent's proposal, click on the "Hire Agent" button to select them.
   • You will be prompted to confirm your choice.

Step 3: Provide Payout Information

1. Prompt to Provide Payout Information:
   • After hiring the agent, you will be prompted to provide payout details to receive your Cash Bonus. This step is crucial as it ensures that your bonus is processed accurately and deposited into your designated account without any delays. You will be guided through a series of prompts that will request specific information needed to facilitate the transaction. It is important to have your banking details readily available to expedite this process. Additionally, this step will help ensure that your identity is verified and that all transactions are secure. By providing accurate payout details, you can look forward to receiving your Cash Bonus promptly and efficiently.

2. Click “Continue with Stripe”:

   • Redy uses Stripe for processing payouts, so you need to link your Stripe account.
   • Click on the "Continue with Stripe" button to proceed.
3. Enter Personal Details:
   • Stripe will ask you for personal details to verify your identity and ensure secure payments. This verification step is critical as it helps to protect both you and Redy.com from potential fraud. Providing accurate information allows Stripe to confirm that you are the rightful owner of the account and that the funds are being directed to the correct individual. During this process, you can expect to enter a variety of personal details, including your full legal name, email address, phone number, date of birth, and your current residential address. This information is used solely for the purpose of identity verification and payment security. It's important to ensure that all details are entered correctly, as discrepancies can lead to delays in processing your payout. Rest assured that Stripe employs robust security measures to safeguard your information, so you can complete this step with confidence.
4. Required Information:
   • Full Name: Enter your legal full name.
   • Email Address: Confirm your email address.
   • Phone Number: Enter your phone number for additional verification.
   • Date of Birth: For identity verification purposes.
   • Home Address: Provide your current residential address.
5. After filling in the required information, click "Submit" to proceed.

Step 4: Select Your Bank Account for Payout

1. Link Your Bank Account:
2. • After providing your personal details, you will be prompted to link a bank account for the Cash Bonus payout.
   • You will need to enter the following information:
     • Bank Name: The name of your bank.
     • Account Number: Your bank account number.
     • Routing Number: The routing number of your bank.
     • Account Type: Specify whether it’s a checking or savings account.

3. Confirm Information:

   • Double-check that your bank account information is correct and complete.
   • Confirm that everything is accurate, and click "Agree and Submit" to finalize the process.
     

Step 5: Complete and Wait for Your Cash Bonus

1. Confirmation of Payout:

   • Once your payout information is submitted and verified, you will receive a confirmation message from Redy.
   • Your Cash Bonus will be processed, and the amount will be transferred to your bank account within 2-3 business days.

2. Check Your Bank Account:

   • You will receive a notification once the payment has been processed. Check your bank account to confirm the Cash Bonus deposit.